Well since you say for fun and hunting I would rule out the target action. Not that it won't work, it would work fine but, why limit yourself to one shot on a hunting rifle. One thing i have learned the hard way over the years is that there is no such thing as a do it all rifle. Every rifle has a specific task that it does better than another. I would first decide what my actual intent for it is and go from there. Either way, I still think a repeater would be a better option for you than a target action. If you join the forums here you can browse the classifieds. Complete rifles come up regularly and offer good prices for a donor action. I have seen several rifles in the $400 range. You could sell the stock for $40 and the barrel for $70 and then your only $290 into the action. Can't beat that price with a stick.